Plastic additives are one of the important input materials that partly determine the characteristics of the composition. Moreover, plastic additives also help manufacturers improve the disadvantages of traditional virgin plastics. Currently, there are many popular types of plastic additives on the market such as: Anti-UV additives, anti-aging plastic additives,... That is why many manufacturing enterprises participate in this industry. Refer to the top 7 leading plastic additive companies in Vietnam.
1. Overview Of The Development Of Vietnam's Plastic Additives Industry
According to SUNMAX, plastic additives have achieved an impressive breakthrough in market size when it is predicted to reach 59.9 billion USD by 2026. In particular, the predicted size of the plastic additives market is only about 45.6 billion USD by 2021.
Mordor Intelligence's report also commented on the plastic additives market as follows: "Based on the base year of calculation of 2023, this market is estimated to reach 6,200 million USD with a CARG rate of about 3.5%. Moreover, the period after COVID 19 has witnessed a rapid breakthrough in the plastic raw material manufacturing industry in general and plastic additives in particular".
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Japan - China - India - Vietnam are 4 typical countries in the plastic additives manufacturing and consumption industry in the Asia - Pacific region.
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Specific examples are as follows: China produced about 447 billion packages in 2023 alone and this number is expected to increase by an average of 5 - 7% per year. Or Japan is outstanding in the automotive industry when producing an average of more than 23 million cars per year. India is not far behind when producing about 22.5 million vehicles of all kinds from commercial vehicles, SUVs, passenger cars to pickup trucks. Meanwhile, Vietnam promotes the production of 4 main product groups: packaging plastics (accounting for 39%), household plastics (32%), construction plastics (14%) and engineering plastics (9%)
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According to the report of the Vietnam Plastics Association (VPA): "Currently, Vietnam has more than 4,000 enterprises operating in the industry, of which more than 90% are small and medium enterprises, with more than 250,000 employees". It is expected that the export turnover of Vietnam's plastic industry in 2024 will reach 6.57 billion USD, an increase of 26.79% compared to 2023. Not only that, VPA also forecasts that Vietnam's plastic and plastic additives output will reach 11.65 million tons in 2024 and continue to grow impressively, reaching 16.36 million tons in 2029, with an annual growth rate (CAGR) of 8.44%
Plastic additives are present in almost all of the above products. Therefore, Asia - Pacific is the region that gathers many plastic additive manufacturing companies as well as leads this industry globally.
Ranked in second place is the European region, with 3 countries: Germany, UK, France, Spain. In particular, the main industry promoting the development of plastic additives in Europe is the production of electric vehicle frames and equipment. Experts say that if European plastic additives companies continue to maintain their performance and upgrade their production processes, this market is very likely to surpass Asia-Pacific in terms of CARG.
In general, plastic additives in the world in general and Vietnam in particular have achieved many successes. That is the reason why the leading prestigious plastic additives companies in Vietnam are increasingly upgrading their overall processes as well as promoting global import and export.
Overview of the plastic additives market with remarkable development
2. List Of Leading Plastic Additives Companies In Vietnam
EuroPlas introduces to customers the Top 7 leading prestigious plastic additives companies in Vietnam. Specifically as follows:
2.1. EuroPlas
Website: https://europlas.com.vn/trang-chu
EuroPlas was established in 2007 and currently owns 7 factories in Vietnam and 1 factory in Egypt. In addition, the company also builds a team of employees and a sustainable production block to meet about 0.8 million tons/year.
EuroPlas provides a wide range of plastic additives, including deodorizing additives, moisture absorbing additives, flame retardant additives, anti-fogging additives, anti-aging additives, processing aids, anti-static additives, anti-UV additives and clarifying and brightening additives.
EuroPlas's plastic additives have the following specific characteristics:
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Do not affect or negatively impact the mechanical properties of the finished product
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The finished product is improved in both durability and longevity.
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Easily dissolved and combined with other base materials as well as plastic additives to complement the product and the processing process.
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Ensure optimal surface properties and physical properties of the product according to customer needs.
EuroPlas plastic additives
2.2. Lam Anh Chemical Company
Website: https://hoachatlamanh.com/
Lam Anh Chemical Company has been operating in the plastics industry for more than 10 years. The company has been promoting the production, trading and import-export of chemicals for the production of plastics and plastic additives.
Currently, the company includes 4 main product categories, specifically as follows: Plastic additives, original color plastic masterbatches, rubber chemicals and pigments. In which, plastic additives are still the leading product group and contribute significantly to the increase in annual revenue of Lam Anh Chemical Company.
The company provides a variety of plastic additives suitable for each product's characteristics as well as customer needs, for example:
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Optical whitening plastic additives.
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Anti-stick plastic additives.
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Smoothing plastic additives.
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Moisture-proof plastic additives and adhesive-enhancing plastic additives.
Lam Anh Chemical Company
2.3. CPI Vietnam Plastic Limited Company
Website: https://cpiplastic.com/
CPI Vietnam Plastic Limited Company is known as a famous manufacturer of additives in Vietnam. CPI's factory is located in Binh Luc Industrial Park, Ha Nam Province, Vietnam, with a capacity of up to 600,000 tons / year. CPI's products have been exported to more than 90 countries around the world.
Plastic additives are one of CPI's famous products. The products are combined in the most modern extrusion equipment and manufactured with modern technology. Thanks to CPI's dedicated technical engineers with their tireless research, their plastic additives can meet most domestic and international needs.
The outstanding plastic additives products at CPI are: Anti-UV additives, flame retardant additives, anti-stick plastic additives, anti-static additives, whitening additives and PPA processing aids.
The product line possesses the following competitive advantages:
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Stable cost and price suitable for a variety of customer files.
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Stable quality of plastic additives helps increase the life and physical properties of the finished product.
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Diverse designs and easy to combine with most types of base plastics such as PE, PP, ABS or PC and other additives
CPI Vietnam Plastic Limited Company
2.4. Vu Tran Production and Trading Company Limited
Website: http://vutran.com.vn/
Established in 2008 and initially developed from the field of nanocal plastic particles. To ensure that product quality is maintained at the highest level, Vu Tran Trading combines domestic production and additional imports from Taiwan.
TNhe enterprise owns a factory area of more than 10 hectares in the Northern region and always maintains a productivity of about million tons/year. Plastic additives at Vu Tran Trading are assessed to be stable, sustainable and reasonably priced. Competitive advantages come not only from diversifying plastic additive product designs but also from the production staff and modern systems.
Currently, Vu Tran Production and Trading Company Limited provides 9 typical plastic additive products: Anti-UV additives, optical whitening additives, anti-aging additives, anti-static additives, anti-humidity additives,...
2.5. Polyplast Vietnam Co., Ltd.
Website: https://www.polyplast.com.vn/
As one of the joint ventures with Germany in plastic raw materials, Polylast has more than 10 years of experience and owns a factory with a scale of 2000m2 in My Phuoc 3 Industrial Park.
Polylast Co., Ltd. is also in the Top of the leading plastic additives manufacturers in Vietnam. The company is currently an official plastic supplier for large corporations such as: P&G, Aqua, Dollar Tree, Amscan or Unilever.
Polylast supplies a variety of the most popular plastic additives on the market today, such as: Processing aids, anti-caking additives, anti-fogging additives, anti-aging additives, etc.
Polylast's plastic additives always ensure 3 main criteria: Safety, durability and suitability. They are considered to be easily compatible with most base plastics such as ABS, PVC, PET, PP, etc. The properties of the finished product will be significantlyimproved and there will be no problems such as: Surface cracking, fish bladder or air bubbles.
Polyplast Vietnam Co., Ltd.
2.6. Tan Hung Co Trading and Production Company
Currently, Tan Hung Co has successfully cooperated with more than 800 customers nationwide. The company has maintained stability and strongly developed 5 main product groups: compound white masterbatch, white masterbatch, color masterbatch, additive masterbatch and taical masterbatch (filler masterbatch).
Tan Hung Co was established in 1999 and has more than 20 years of experience in the field of plastic additive masterbatch production. THC's estimated annual plastic output is about 60,000MT/Year
THC is also proud to be the largest domestic compound manufacturer and the leading manufacturer in the white masterbatch and taical masterbatch segment for the high-end segment, competing directly with Ampacet and Avient Groups
For plastic additive masterbatch, THC provides 9 popular types of additives such as: Antistatic additives, crystallizing additives, anti-oxidation additives, anti-humidity and condensation additives, fire retardant additives,...
Tan Hung Co Trading and Production Company
2.7. Thanh Loc Plastic Additives Co., Ltd.
The company was established in 2008. Thanh Loc specializes in manufacturing and supplying plastic additives in the packaging industry. In particular, it is the official and exclusive partner of Daikin Chemical Group on plastic additives for processing and engineering plastics since 2009.
The additives that TLPA is supplying are additives used in the plastic packaging industry (soft packaging). Especially multi-layer composite packaging, multi-layer blown film, pharmaceutical packaging, sheets, profiles and other household products. The company supplies the market with a variety of plastic additives such as: Anti-shrinkage, fire retardant, anti-foaming, bleaching additives or UV resistant additives.
In addition, Thanh Loc Plastic Additives Co., Ltd. also promotes the production of bioplastics to meet the criteria of the international market as well as stimulate the "green consumption" trend of the plastic industry.
Thanh Loc Plastic Additives Co., Ltd.
EuroPlas has sent to customers the Top 7 leading plastic additives companies in Vietnam. The article also provides a detailed overview of the impressive growth of plastic additives products. Please continue to follow EuroPlas Blog to update the earliest news about the market and plastic raw material product lines!